JPMorgen Placed Bitcoin's Fair Price at $38K

According to a note JPMorgen issued to clients this Wednesday, the bank giant placed Bitcoin's fair price at $38,000. At this point, Bitcoin is trading around $28,887. In February, JPMorgen placed Bitcoin's fair price also at $38,000, when the crypto currency was trading around $43,400. The note said, "Our best guess is the VC funding will continue and a long winter similar to 2018/2019 would be averted. "
Source

Bitcoin

In This Article

Related News
Trump makes over $57 million from WLFI sales, Truth Social files for Bitcoin and Ethereum combo ETF, and more Trump makes over $57 million from WLFI sales, Truth Social files for Bitcoin and Ethereum combo ETF, and more
FalconX partners with Standard Chartered to boost crypto offerings for institutional clients FalconX partners with Standard Chartered to boost crypto offerings for institutional clients
Bitcoin dominates global crypto funds' $882 million weekly inflows as Sui outperforms major altcoin products Bitcoin dominates global crypto funds' $882 million weekly inflows as Sui outperforms major altcoin products
Riot Platforms sells mined bitcoin for first time since January 2024, nets $38.8 million Riot Platforms sells mined bitcoin for first time since January 2024, nets $38.8 million
Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
Latest News More More
1 Day Ago Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
6 Days Ago Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
June 20 Kraken offers bitcoin ‘staking’ yield via Babylon without wrapping or lending
June 13 XRP Ledger adopts USDC one week after Circle goes public
June 13 Wall Street back-office giant DTCC mulls stablecoin integration: report
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open